Violent Protests Halt Metals Plant in China

7/4/2012 6:30AM

Protests cause China to cancel plans for a factory in the southwest; observers look for more change in Myanmar; U.K. soccer club Manchester United looks to IPO in the U.S.; and Vivienne Tam designs a suite in a new Hong Kong hotel.

This transcript has been automatically generated and may not be 100% accurate.

... the ... scrap a planned Nestle's plots often find her sense that ... this is Asia's today mine GE ... and joined by Brian Spegele in Beijing by Sky ... right before in the story claims he can bring us right up to speed on this or will we see me also the sporadic protests around China this one is quite serious quite fine ... tells what happened in just that how radical ... those protests began over the weekend ... um when conditioners in ... of the southwestern city of Rafah was torn province ... one happy about a copper plants ... um that was the beginning construction there ... um they felt unhappy by a lack of government responsiveness ... to ... to to to to protest ... and those protests grew over the weekend and then didn't occur this week ... aam which time ... of the Chinese police in in in the city began using tear gas and stun grenades ... aam against the protesters ... from twenty seven people overall were detained ... on many more appeared to be injured ... aam and the most recently nom earlier today we learned ... that twenty one of the twenty seven have now been released ... most importantly this case is unique in that ... the government at the end the day decided to scrap the project ... on bass they said there will be no copper pointing this out as a result of a public outrage over over the of the project ... so how should we interpret the faces of victory for the protests is ... and I mean does this signal Chinese perhaps Whittington dissonant them all to be so that a concern for the people in school or an Biman for anything else ... one thing to begin today China's of a point where it is looking to to ... avoid social instability at all costs I think this is the second time within a year ... local governments have promised choose to score out ... um um um ... it projects over environmental concerns ... of course last August in the northeastern city of Dolly and ... on the government promised to to close a petrochemical plant there after some twelve thousand people took to the streets in that city ... so or seems to me a recurring theme here on the environmental front ... on ... the local government debt first was ... resistant to to to getting into the protesters demand ... um but as as one of these protests began to spread across the country ... I figure reached a bowl of boiling point where where where they realize they had no choice but to promise to scrap the project ... get it right there but nothing happens in China when out to social media these days what pocket that plan Olympics ... social media played a critical role and basically getting the message out ... um up across the country ... has been the most popular topic on Highway one China's version of Twitter ... on for for days now to continue to be today ... aam there been pictures and video ... on an all sorts of media showing across the internet in support of the protesters ... on today on Wavell most recently ... of the mood has been has been mostly sober story ... saying that the ... that that people should ... have at one ... time ... however that there is growing calls for investigation into ... allegations of ... these brutality that are ... easy to surprise that China is allowing say much discussion of of the Sofitel fixins the census some other people more sensitive subject but this one's get you some gauge on that ... it was ... very surreal is this is quite surprising ... while one hand this was an environmental protest and the government does allow ... a certain level of discussion environmental issues ... um because the center of the warehouse supported on efforts to clean up the environment in recent years on the other hand when these protests become very violent earlier this week was surprising to many people who who who watch censorship issues in China ... found that there was a clean no censorship over over the discussion of of of the incident should fall why that happened in in what this has been the thinking is that what we don't really know yet ... fasting easing Brian Pankiw symmetry joining us that was Brian Spegele in Beijing by Sky ... when out tend to the world of finance flare Soca has been making ... the rounds even mind when hearing that Manchester United asked if the union Singapore for ten to type it ... tends to America ... when out joined by Isabella state yet ... it but this was going on here messy Nigel Jackson a household name that seems ... is going off to America to to Chinese money will will line yet that that they think the tension TNT on people in Asia puzzle football ... IPO's Europe with the Asian peoples favorite things really ... and so it adds even talking about the long time and you with any get when IPO in Singapore upset that any and all that ... and that would've been a huge hit The Singapore ... and see ... a lot of buzz around now that he might have a massive fan base so it seemed like it would've been a logical ... destination but markets have a bullet on choppy to withstand a two thousand and eleven when they were planning to list in Singapore ... and then that never really got off the ground and now it's very surprising that the thing that the game for much more the IPO in the US ... what's the son of history of peace and sporting groups coming to Asia ... what the Siemens SI nineteen so the Fed own image entering this site and by May so that ... the state business or the company's sixteen contests more about that well I knew it then the bus to come to Asia and ... liked it though that generated a lot of excitement the kids in the committee is very complicated ... um and then after that we had Formula one also so kind to tap that interest and not for the kids on the two races the importance of race Malaysia ... of the twenty eighth out of the competition's leading to the market Steinbeck said ... Eno waking faith casualty of ... the market that the same time it's difficult to see how bulky IQ is contained in the U S threat to the English Premier League and I knew much smaller and they found in a shaft ... although I guess at the Singapore that that this is a dual class structure that ALM ... that the Glazer family that owned many up going for an IPTV attraction for them ... to gain traction could have the Jew a Jew cost issue was the second time in giving talks about ... his constant pull of course also the day she she was well and then there's things one yet in its favor REITs so Iam said the deal cost that we did that with the family is ... effective can fulfill so they can and that that on to the cost he said he would have the voting control of the company ... in Singapore there with XD that in Hong Kong that the Nano so ... they decided to do with Singapore ... Hong Kong ... and speaking of debt um yes think with the family of what the club in two thousand and five in a big LBO leverage buyout ... getting tons of debt onto the club and that is the huge issue for football clubs although the euro because the spring summer twenty ... buying players to compete with one another ... and ... actually just the witches to match the history of this the nineties that ... old if the Nasdaq the rival when the Premier League recently ... they have Atkinson of the Duffy was really really Depot kids and ... I knew does that and they've got liabilities of about six hundred million pounds that they've been sitting on ... suspicion of pay off debt from that L P a and and and every anchor in two thousand and five when the quake the time people think of what the clothes show show some some slightly different story now but ... I guess we'll see how it fares in America I guess it comes right off the euro championships as well say yes that's that but what I can do it in the headlines in Asia so what is about as they think he symmetry joining ... me now to a commercial brand ... of coming up onto its free checking to see with the latest is getting on TV and ... this changing and cheese with a my mom ... off to recent excitement last year's installed to sleep in on his growing frustration ... that that moves just on Happening Paulson ... I'm now joined by patching pasta ... he's the southeast Asia appear cheap ... packet leaving for a new story very closely you know the conch is a welcome Thomas more about it so that changing since been and will people if even though my mom right now ... still our frustration all asking me it's because I'm a good on one side of the new hardcover has been linked with him to perform ... as people biking can on the Washington side ... the Obama administration has not been moving as quickly as people want them to go in terms of making sanctions they said they were going to suspend sanctions ... and and they haven't really gotten ... some companies are sitting around waiting for both governments to interact together sinking go into some business ... this is Macy affecting U S companies it is as specific that he she met at the can the US someone Obama saying that when a ... company's or around the world St ... what's really ... American companies because most governments ... around the world Europe and in other parts the Western world have effectively lifted their sanctions are an oppressed isn't doing so more quickly ... than the nine states so ... this this this is impacting the American companies more and that's why they are angry they feel like ... I'm repeating it left behind ... others can be doing deals didn't we can't do because we don't have I'm ... you know legislation passed the nine states allow discovery of ... shale get it's a bit of pressure the US team will ... that of a specific where's my money to do what are the facts to bill was above the Peery waiting for the government to do that they just haven't quite done and it's the ... well the thing that people been waiting for for months is the passage of the foreign investment law will clarify the rules are or what you can eat cannot do the air ... things like whether night you can repeat review profits ... for the entire have to hire local workers ... wedding you can lease land in things like that ... of the government came very close to passing a law earlier this year and for some reason didn't didn't finish it so I'm people are looking for them to pass that in a parliament session its beginning today ... actually just today we seen some headlines saying that they they looked to be since the reshuffle write it off but then my mom government can produce up to speed on math and whether this will help the case then my my reforms of school ... and what we get that confirmed that he had a first vice president of Union law has designed this was ... something that people had been expecting for several weeks he dropped from sight ... a couple months ago and it was wise perspective as speculation he was the only meeting ... um that was confirmed today in Parliament by the president ... of the reason this is really important is that this is ... I believe to be the first step towards a broader reshuffle the cabinet ... up pushing out some of the people that are believed to be unknown to the hardliners the vice present ... was one of those people ... and analysts believe this this is going to be the first step towards ... bringing in some more reformers ... into the cabinets out to help push along some of the policies that seem to have gotten bogged down over the last few months so it's going to be viewed as a positive step by investors certainly ... let me just and by asking have we had was so that I sang Seiichi makes it that this and let them rest for the reforms of some of the reforms then on to my mom when you consider break that I never just a difficult to ... buy one mile without so that ... to me about ... Aaron has to do that it's taken over ... as you know she's been much more flexible over the last year in terms of her dealings with the government and cashews or a scene is ... very stubborn buying up our one year in terms of ... resisting investment in an existing any ... outside their interaction with the governor Barbara ... keno welcomes that but ... she did point out during her European tour recently said she doesn't believe that foreign companies should ... you work with the about me and Mars willing gas state-owned oil and gas firm ... and its credit though because one of the biggest areas that people want to invest in these energy Union more into doing the thing here you have to do business with this to the flowing gas firm ... she said that he should not be that ... I've that the company's outsider saying they should ... have had some in the U S ... Senate I'm starting to question on something she saying that she perhaps is ... crossing the line here and dictating what ... the foreign coverage there should not allow ... think that's can even tension in the scene play out during this parliamentary session will she be ... a hard liner again like in the old days ... or will she be it someone tries to accommodate a lot more Western investment ... that something will watch ... absentee ... auction process thank you say much for joining ... when a scary now that the mode of action I'm joined by Laurie day ... and are you just taken the action is on a deviant acts and she's been showing off any sense that ... it tells me that she designs here in Hong Kong ... the Thomas more about this in some regions have is about one switches ... it's not her latest that ... that tells me to trigger any head ... on and what makes a special is that she's designed it often turns and ... I'm it's a mistake he shaved ... it tells about ... trying to make every was like a head away from him that ... she has taken this victory ... and model to talk to her knee up with new apartment which she describes as very ... SPY Kit and kind of minimalist and when you go into space ... I it's an eighty square foot space ... on the site of an eighty square meters in peace with the kids at school ... and I think what a sweet spot ... with MACD of the harbor ... um ... and it's all I've been very natural ... way it's sad is not a lot actually to define it when you look at the space and is the correct but this is the week with a splash of red that is the very understated more understated than you might think for ... I'm sure is sweet ... um ... and in keeping with the kind of China chic aesthetic that's his name or so that in contemporary Chinese ... I channels ... tiny says the connecting extremely understates the way its precepts will show a sense of total silver bullet and take me to be the case is one of the of the hotel as well and this was of the supply stopping a Mandarin or something else entirely ... that's what it is interesting to do that why she choose to de deux this week and it helps that she she actually graduated from ... high at the protecting your best you can come home from protecting you ... um ... which is the ... University that runs the PayPal it's that you pursue behind the scenes that I constructed to tell ... if in fact teaching a cult where ... I keep restarting it at the youth ... of the candle and say to you were can operate in the town ... and because she has suffered eleven of ... her toe likely she has decided ... like a number of other designers who contributed to a style icon which is a great ... design oriented PayPal ... to ... cut a ... lock on to say that ... I can tell ... you can find I it's actually design that there are actions by Rep the yen has a woman ... named Ho Ho architect and you also have ... a restaurant space is by turns clear run ... on this giant that regards that the people talking but she goes to the sky the big names will consider didn't begin town this ... perhaps the biggest ... I just went and by awesome deceased Heinz isn't of any sudden China plans that she's going in and wouldn't expansion Subaye will these shoes extremely well placed to mean she's been kind of ... at the peace Bridge east to west from the beginning ... um she is taking on China and a bit wait ... for a ... minute she's not sure the country stores in China she says in the next two years she was expanded to two hundred stores in China sick ... fragrance expressed doubts while Lara Day thank you very much for joining us ... my name is Jake Lee and this is Asia's today will get to Chili's to go on ...